Gotham Asset Management 13F: Adds $20M to Corteva (CTVA) Stake
Gotham Asset Management raised its shares in Corteva by 67.1%, now holding 575,102 shares worth $46.9 million.
Reviewed by automated data checks against the source filing. How we make and check alerts
Gotham Asset Management added 230,984 shares to its stake in Corteva, Inc. ($CTVA), a 67.12% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 575,102 shares worth $48.71 million at the end of the quarter.
Since the filing, $CTVA is down 3.3% after 1 week, down 7.7% after 1 month and up 4.9% to date (from the $12.28 close on May 15, 2026).
Find the original: Gotham Asset Management 13F filings on SEC EDGAR
Key Points
- Gotham Asset Management boosted its Corteva position by 67.1%, adding 230,984 shares to total 575,102 shares valued at $46.9 million.
- Corteva's stock traded at $81.62 on Friday with a market cap of $54.6 billion and a forward P/E of 19.9.
- Insider trades at Corteva included purchases by key executives, while analysts maintained ratings with price targets up to $95.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Corteva, Inc. alert may contain errors. Disclosures
Gotham Asset Management has increased its holdings in Corteva, Inc. (NYSE:CTVA) by 67.1%, according to its latest filing with the SEC. The fund added 230,984 shares, bringing its total to 575,102 shares valued at approximately $46.9 million as of the reporting period.
Gotham Asset Management vs. the S&P 500
Hypothetical returns from Gotham Asset Management's disclosed trades, not real profit or advice. How we model this.
What Changed in Gotham Asset Management's Corteva Position
Gotham Asset Management significantly boosted its stake in Corteva, growing its holdings by 230,984 shares to a total of 575,102 shares. This represents a 67.1% increase from its previous position of 344,118 shares. The value of this position is now about $46.9 million.
Other Institutional Activity in Corteva
BlackRock, Inc. reduced its holdings in Corteva by 4,898,293 shares, ending with 54,710,452 shares worth about $4.58 billion, marking an 8.2% decrease. Vanguard Capital Management LLC opened a new position with 44,075,854 shares valued at approximately $3.69 billion. State Street Corp trimmed its stake by 432,837 shares, leaving it with 36,138,039 shares valued at $3.03 billion, a 1.2% decrease. Capital World Investors increased its position by 14,642,858 shares, now holding 35,998,047 shares valued at $3.01 billion, a 68.6% rise. FMR LLC added 5,927,553 shares, bringing its total to 34,971,900 shares worth about $2.93 billion, a 20.4% increase.
Corteva, Inc. Stock Up 557.5%
Shares of NYSE:CTVA traded near $81.62 on Friday. Corteva has a market cap of $54.6 billion, a P/E ratio of 44.1, and a forward P/E of 19.9. The stock's 52-week range is between $60.54 and $85.63, with a 50-day moving average of $79.42 and a 200-day moving average of $72.92. The company maintains a current ratio of 1.47 and a quick ratio of 0.9, with a debt-to-equity ratio of 13.64.
Recent Earnings
Corteva reported revenue of $17.89 billion, reflecting a growth rate of 11%. The company's earnings per share stand at $1.85, with a net margin of 6.5% and a return on equity of 5.1%. The next earnings report is expected on July 30, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 25.4%. Revenue beat estimates by 3.6%.
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Profit surprise
EBITDA beat by 13 percent. Operating income beat by 9 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises.
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Earnings quality
Gross margin up 1.5 points. Operating margin up 4.9 points. Positive free cash flow.
Earnings Call Summary
Corteva had a strong first quarter with organic sales up 7 percent, driven by seed volume growth of 6 percent and crop protection gains across all regions. Operating EBITDA jumped 21 percent year over year to over $1.4 billion, with margin expansion of 240 basis points coming from price gains, cost savings, and favorable currency effects. Management highlighted that net royalty expense fell another $30 million as the seed business moves toward royalty positive status later this year, particularly from licensing deals like Enlist soybeans in Brazil.
Guidance The company reaffirmed full-year operating EBITDA guidance of $4 billion to $4.2 billion with earnings per share of $3.45 to $3.70. Management expects continued volume growth in crop protection in Latin America in the second half, with seed pricing expected to improve in the back half despite near-term commodity cost headwinds. The company is incorporating a $40 million headwind from higher oil prices.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Dividend
Corteva offers an annual dividend rate of $0.72, yielding 0.88%. The dividend payout ratio is 38.4%.
Insider Buying and Selling at Corteva, Inc.
Notable insider activity includes CEO Luther Kissam IV purchasing 24,138 shares on June 1, 2026. Janet Plaut Giesselman bought 96 shares at $81.01 per share on April 30, 2026. Marcos Lutz sold 906 shares at $81.01 on the same day. Nayaki Nayyar also acquired 401 shares at $81.01 on April 30, while Klaus Engel sold 906 shares at the same price. Gregory Page bought 3,870 shares on April 28, 2026.
Analysts Set New Price Targets
On June 11, 2026, Barclays maintained its 'buy' rating on Corteva with a price target of $91. UBS reiterated a 'hold' rating with an $86 target on June 9. Morgan Stanley also maintained a 'buy' rating, setting a $95 target on May 28. The consensus among analysts is a 'buy' rating, with a mean target price of $90.05 based on 21 analyst opinions.
About Corteva, Inc.
Corteva, Inc. operates in the agriculture sector, focusing on seed and crop protection. The company develops advanced germplasm and traits to increase farm yields and offers digital solutions for farmers. Its crop protection products include herbicides and insecticides. Corteva is headquartered in Indianapolis, Indiana, and is led by CEO Charles V. Magro. The company employs approximately 21,500 people and serves markets worldwide.
Bottom Line
Gotham Asset Management's increased stake in Corteva signals confidence in the company's growth prospects. Institutional moves are closely watched by investors for insights into market trends. Remember, 13F filings are historical and may not reflect current positions.
Source: Gotham Asset Management's 13F filing on $CTVA (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Gotham Asset Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts
